0000059255-16-000253.txt : 20161121 0000059255-16-000253.hdr.sgml : 20161121 20161121103827 ACCESSION NUMBER: 0000059255-16-000253 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161116 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20161121 DATE AS OF CHANGE: 20161121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALHI INC /DE/ CENTRAL INDEX KEY: 0000059255 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INORGANIC CHEMICALS [2810] IRS NUMBER: 870110150 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-48391 FILM NUMBER: 162009384 BUSINESS ADDRESS: STREET 1: 5430 LBJ FRWY STREET 2: STE 1700 CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 9722331700 MAIL ADDRESS: STREET 1: THREE LINCOLN CENTER STREET 2: 5430 LBJ FREEWAY SUITE 1700 CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: LLC CORP DATE OF NAME CHANGE: 19870329 FORMER COMPANY: FORMER CONFORMED NAME: LIBERTY LOAN CORP DATE OF NAME CHANGE: 19800414 8-K 1 valhi8k161116.htm VALHI, INC. FORM 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.   20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of the earliest event reported)
November 16, 2016
Valhi, Inc.
(Exact name of registrant as specified in its charter)
Delaware
1-5467
87-0110150
(State or other jurisdiction of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
     
     
5430 LBJ Freeway, Suite 1700, Dallas, Texas
75240-2697
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(972) 233-1700
     
 
(Former name or former address, if changed since last report.)
  
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01
Regulation FD Disclosure.

The registrant hereby furnishes the information set forth in its press release issued on November 16, 2016, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

The information, including the exhibit, the registrant furnishes in this report is not deemed "filed" for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.  Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing.

Item 9.01
Financial Statements and Exhibits.

(d)
Exhibits
    
       
 
Item No.
  
Exhibit Index
       
 
99.1
  
Press release dated November 16, 2016 issued by the registrant.

SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
Valhi, Inc.
 
(Registrant)
   
   
   
   
 
By: /s/ Gregory M. Swalwell
Date:  November 21, 2016
Executive Vice President, Chief Financial Officer
 and Chief Accounting Officer 

INDEX TO EXHIBITS


Item No.
  
Exhibit Index
     
99.1
  
Press release dated November 16, 2016 issued by the registrant.

 
 EX-99.1 2 exh991.htm PRESS RELEASE DATED NOVEMBER 16, 2016

 EnergySolutions and Valhi to Contest DOJ Effort to Block Waste Control Specialists Acquisition
 
 Salt Lake City, Utah & Dallas, Texas – (November 16, 2016) – EnergySolutions, Inc. and Valhi, Inc. (NYSE: VHI) today announced plans to vigorously defend EnergySolutions'  pending acquisition of Waste Control Specialists LLC (WCS) in response to a U.S. Department of Justice (DOJ) lawsuit seeking to block the transaction.  

The DOJ contends that the combined company would be "the only option for customers in nearly 40 states."  In fact, there are numerous disposal sites for LLRW waste operated by the competitors of the two companies.  In addition, customers have the option to store on-site, as many have done, rather than ship to one of the many companies offering LLRW disposal.  Furthermore, the innovation and price declines for LLRW waste disposal that DOJ cites in its own statements are in fact evidence of other competitors in the marketplace.  

This combination is in the best interest of the nuclear industry as it delivers on part of the "Nuclear Promise" strategic plan.  Through merging the two companies, the new entity will realize significant cost synergies through a decrease in management, selling, and administration expenses.  Those savings, in turn, can be passed on to utilities and consumers of nuclear electricity.  In addition, this merger will save costs on nuclear decommissioning.

The DOJ omits in its complaint that, if this transaction is approved, EnergySolutions has committed that the combined companies will offer guaranteed rates for Life of Plant (LOP) contracts for Class A, B and C LLRW disposal for the benefit of consumers.  This transaction also ensures the long-term viability and sustainability of the WCS facility and provides significant savings and certainty for the benefit of consumers.  
 
About EnergySolutions and WCS
 
EnergySolutions offers customers a full range of integrated services and solutions, including nuclear operations, characterization, decommissioning, decontamination, site closure, transportation, nuclear materials management, processing, recycling, and disposition of nuclear waste, and research and engineering services across the nuclear fuel cycle.  For additional information about EnergySolutions visit www.energysolutions.com.
 
WCS operates a West Texas facility for the processing, treatment, storage and disposal of a broad range of low-level radioactive and hazardous wastes. For additional information about WCS visit www.wcstexas.com.
 
For additional information please contact Mark Walker at mwalker@energysolutions.com or 801- 231 -9194.